STRATEGY FOR 11th MAY

                                                           EQUITY  UPDATES

 
MARKET (NIFTY SPOT) TREND-      Positive(from 8335),  stop for long positions 9100.

             

INSTITUTIONAL ACTIVITY-            Fii- Net buyers -  893  crores.

                                                           Dii- Net sellers - 229 crores.

GLOBAL MARKETS-                       US markets trading flat at the time of writing.  

RESULTS TODAY -                           Arvind, Asianpaint, Forcemot, Glenmark, Granules, Hcltech, Icra,

                                                        Nilkamal.

                                                       

RESULTS TOMORROW-                Centurytex, Drreddy, Havells, Lalpathlab, Orientbank, Pel, Titan, Ucobank. 

                                                                          

                                                    TRADING IDEAS

POSITIONAL  -     MARUTI -     Buy above -  6765,   stop  -  6590,     target  - 6945.

                                                      POSITIONS CLOSED

SHORT TERM-       ASIANPAINT -    Buy(26/04/017) - 1105,  Booked at(real time,10/5/2017)-  1180.

                                                         POSITIONS OPEN

SHORT TERM-       PCJEWELLER -    Buy(9/5/2017) - 450,    stop-  400,    target - 505.

POSITIONAL  -     PFC -     Buy(4/5/2017)-  165,   stop  -  155,     target  - 180.

POSITIONAL  -     HAVELLS -    Buy(12/04/2017)-  486,   stop(revised)  -  473,     target  - 530.

  

  TREND-  in few major stocks

HDFC-                  Positive(from 1543), stop for long positions 1505.

  

YESBANK-           Sideways.

TATASTEEL-         Negative(from 446), stop for short positions 455.

AXISBANK-         Sideways.

   

MARUTI-             Positive(from 6370), stop for long positions 6320.

HDFCBANK -       Positive(from 1222), stop for long positions 1495.

                      

                                         

                                                    COMMODITY UPDATES

                                                           MCX

GOLDM(jun)-                  Negative(from 28630), stop for long positions 28520.

SILVERMIC(jun)-          Negative(from 41280), stop for short positions 39300.

COPPERM(jun)-            Negative below 353.50.

NICKELM(may)-              Negative(from 624,apr), stop for short positions 620. 

                                                     
ZINCMINI(may)-               Negative(from 174.80,apr), stop for short positions 172. 

CRUDEOILM(may)-        Negative(from 3188), stop for short positions 3175. 

NATURALGAS(may)-       Sideways.

LEADMINI(may)-            Sideways.

ALUMINI(may)-              Negative(from 121.80), stop for short positions 124.

                                     

CARDAMOM(may)-       Sideways.

                                                           NCDEX                                   

KAPASSRNR(apr,2018) -       Sideways.

SOYBEAN(jun)-                    Negative(from 2865,may), stop for short positions 3010.

RMSEED(jun)-                      Negative( from 3795,may), stop for short positions 3830.

                                CURRENCY UPDATE

USDINR(may)-                Sideways.

GBPINR(may)-               Positive(from 82.85,apr), stop for long positions 82.50.

EURINR(may)-               Positive above 71.

. 

JPYINR(may)-               Negative(from 57.38), stop for short positions 58.15.

                                                                                                                                                                        

DISCLAIMER-   This blog is just my trading ideas or how i follow the market.  This blog is merely a device that can help you to think and consider, but you are 100% responsible for any actions you take by reading this blog